The 102nd session of the China Import and Export Fair (Canton Fair) concluded Wednesday, with export deals reaching 37.45 billion USD, a growth of 2.9 percent from the 101st session in April and 10 percent from the 100th session a year ago.

According to Xu Bing, spokesman for the Canton Fair, mechanical and electrical products occupied the lion's share of the deals, with transactions reaching 15.62 billion USD - 41.7 percent of the total and growing 6.4 percent from the 101st session.

Light industrial products occupied the second place, with deals of 12.18 billion USD, or 32.5 percent of the total.

Xu said several commodity categories that are witnessing tariff rebate policy adjustment saw a dip in their transactions, among which were garments, footwear, toys and motorcycles.

Deals of garments fell 8.8 percent from the 101st session to 3.02 billion USD; footwear, 9.2 percent to 1 billion USD; toys, 10.7 percent to 900 million USD; and motorcycles, 30.7 percent to 290 billion USD.

He said most deals were struck with businesspeople from the European Union, the United States and the Middle East. Those with Asian countries including South Korea, Kyrgyzstan, Tajikistan and Uzbekistan saw a major leap.

Deals with businesspeople from the European Union were worth 12.05 billion USD, up 7.1 percent; the United States, 5.83 billion USD, up 7.8 percent; and the Middle East, 4.42 billion USD, up 3.9 percent.

Delegations from coastal regions including Guangdong, Zhejiang, Jiangsu, Shandong and Shanghai won most of the deals, he added.

Deals the Guangdong delegation raked in were worth 9.73 billion USD; Zhejiang, 4.91 billion USD; Jiangsu, 3.95 billion USD; Shandong, 3.18 billion USD; and Shanghai, 1.88 billion USD.

Data on import deals were not available.

The spokesman said the fair's organizing committee verified that 537 exhibiting firms, including three from abroad, violated IPR, and rid five Chinese firms that have been found to have violated IPR twice, of the exhibition qualification for six consecutive sessions in the next three years.

According to Xu, new section of the Pazhou complex will be open to public from the 103rd session to meet the increasing demand on booths, expanding the exhibition area to 820,000 square meters from the current 62 square meters.  
 
By: Source: China Daily Website